人口老龄化对我国货币政策传导机制的影响

发布时间：2018-02-25 23:00

本文关键词： 人口老龄化货币政策利率渠道财富渠道　出处：《经济研究导刊》2016年24期 　论文类型：期刊论文

【摘要】：人口老龄化通过影响人们的经济行为,改变货币政策运行的宏观经济环境,进而影响货币政策的传导机制和效果。建立面板数据模型和VAR脉冲响应函数模型,研究人口老龄化对储蓄率、投资率、利率以及家庭资产配置结构的影响,发现人口老龄化会提升我国的投资率、储蓄率和利率水平,同时改变家庭资产配置结构,使得人们的资产配置更倾向于非信贷渠道,进而对货币政策效果有削弱作用。
[Abstract]:Population aging affects people's economic behavior, changes the macroeconomic environment of monetary policy, and then affects the transmission mechanism and effect of monetary policy. The panel data model and VAR impulse response function model are established. By studying the effects of population aging on savings rate, investment rate, interest rate and household asset allocation structure, it is found that the aging population will improve the investment rate, savings rate and interest rate of China, and change the structure of household asset allocation at the same time. It makes people's asset allocation more inclined to non-credit channels, which weakens the effect of monetary policy.
【作者单位】：中央民族大学;
【分类号】：F822.0;C924.24

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